Time running out for VASEP

October 26 is the final deadline for seafood businesses to handover the statistics on tra and basa fish exports to the US Department of Commerce (DOC), according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Nguyen Huu Dung, Vice Chairman of VASEP said that it is unreasonable that during this review, the DOC has chosen the Philippines as a comparison for imposing export tax instead of Bangladesh, which is more similar to Vietnam in producing tra and basa fish.

Mr Dung said the US has considered Vietnam as a non-market economy and calculated the tax rate for Vietnamese tra and basa fish businesses on this basis.

Currently, the price of raw tra and basa fish stands at US$ 0.8 per kilo in Vietnam and US$2.38 per kilo in the Philippines. This shows that Vietnamese exporters enjoy higher profit of just over 91 percent. Therefore, the price of Vietnamese tra and basa fish in the US market amounts to US$8 per kilo.

Currently, VASEP is persuading import businesses and tra and basa companies in the US and other related parties to support Vietnamese products in their fight against unreasonable anti-dumping tariffs imposed by the DOC. – VOV

Tags: VASEP, Vietnam Seafood, Vietnam seafood sector

Posted by VBN on Oct 1 2010. Filed under Sea food. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry